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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (4242)	7/30/2000 5:19:13 PM
From: Jerome	Read Replies (2) \| Respond to of 5867

There is nothing wrong with Kirk's method of investing. Over 1/2 of my portfolio is based on long term positions in LRCX, KLIC, ASYT. EGLS, SVGI etc. Consider this idea. You have owned a stock at a $25.00 per share initial price. A year later is at $31.00. ( you believe that its worth at $40 to $45. You know that just as soon as you sell it it will go to $40.00. (COHU for example).Now you have a choice sell out at $31.00 per share and move on to something that looks better. But the other option is to sell a $35.00 covered call for whatever you can get for it each month. None of this stuff works as well as one would hope it would. Always looks easier on paper. Options are just a matter of doing the math. But I'm always amazed how many investors just buy (or sell)options without doing the math. A first rule is "don't do anything that you are uncomfortable with" If I could make a living just buying stocks and selling off pieces here and there for living expenses I would be delighted. But nothing comes easy to me, I'm genetically programmed to do things the hard way. Regards, Jerome